The indemnity that is provided by a conventional machinery breakdown cover is against the risk of damage to any insured plant or machinery caused by mechanical and electrical breakdown while such plant or. It extends the coverage of a business owners policy or bop.
Machinery Breakdown Insurance Meaning, As the name implies, machinery breakdown insurance pays for the repair and replacement of machines as well as the financial losses incurred in case of a breakdown. Equipment breakdown insurance is a form of property coverage.
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This means that the electrical burnout of motors, generators, circuit breakers, electrical distribution. Sovereign Equipment Breakdown risk solutions to protect your business.
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